European Union Climate Action and Energy Commissioner Miguel Arias Cañete travelled to Teheran from May 18-20 to discuss the continued implementation of the Iran Deal.
The EU and Iran plan to continue strengthening energy cooperation between the EU and Iran.
In Tehran, the Commissioner met with Iran’s Foreign Minister Mohammed Javad Zarif to “discuss ways forward to defend and fully implement the Iran Deal,” Cañete wrote in a Tweet. “We are committed to protecting EU investments and boosting EU-Iran trade relations,” he added.
“The objective of my visit is to continue to strengthen the energy relations with Iran, most importantly now against this new challenging background of President (Donald J.) Trump’s announcement,” Cañete said.
“The lifting of nuclear-related sanctions is an essential part of the nuclear deal. The European Union has repeatedly stressed that the lifting of the sanctions has not only a positive impact on trade and economic relations with Iran but also has had crucial benefits for the Iranian people. Since the Iran nuclear deal has been delivering on it was signed in January 2016. In 2017, Iran’s trade with the EU stood at close to €20 billion, registering a 60% increase compared with the previous year,” Cañete said, reiterating that the EU is fully committed to fulfilling its obligations with Iran. “The EU is also determined to act in accordance with its security interests and to protect its economic investments,” he said.
This is the third time Cañete has travelled to Iran since the beginning of the Juncker mandate. This visit follows the joint energy agreements signed with Iran in 2016, including on nuclear energy, and the first-ever EU-Iran Business Forum on Sustainable Energy, opened by the Commissioner last year and which gathered more than 50 European energy companies and business associations, the European Commission said in a press release.
Following the conclusion and implementation of the Joint Comprehensive Plan of Action, the EU and Iran have resumed bilateral relations and launched cooperation in energy.